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When my phone screen flashed "Account 0.00" in the early morning, it wasn't the first time I saw this number. I had been liquidated three times in two years, losing all my initial 80,000 yuan and the subsequent 120,000 yuan I added. The sticky notes on the wall were filled with lessons: chasing gains, high leverage, impulsive trading.
Each of the first two failures had its own foolish mistake. Once, I saw someone in a group sharing triple daily returns and, in a moment of impulsiveness, went all-in with 50,000 yuan on a new, unknown coin. I didn't expect the project team to run away the next day. Another time was even more ridiculous—being persuaded by someone claiming to be a master, I used 20x leverage to bet that ETH would retrace, only to be forcibly liquidated in the early morning. That was when I realized it was just a typical "cutting leeks" scam. The third time was the most absurd: after a few days of self-studying candlestick charts, I thought I had cracked the secret, went all-in on futures, and ended up with my account wiped out from a small fluctuation.
The real turning point came after spending half a year reviewing my trading records. I discovered three counterintuitive truths. These won't make you rich overnight, but they will help you survive.
**The first is the value of patience.** I used to trade ten or more times a day, and the transaction fees were a bottomless pit. The more I traded, the more I lost. Later, I talked with a seasoned trader who suggested I try this: only watch the market once a week without making any moves, and write down all the coins I want to buy. After a week of review, I was stunned—those coins I wanted to buy immediately had dropped more than 50%. The best opportunities to buy often appear when you have the least patience.
Surviving in this market depends not on how frequently you trade, but on your ability to stay calm in the face of temptation. Action may seem powerful, but patience is the true strength.